Service tax on compensation for termination of contract
This query is : Resolved
03 August 2012
Suppoese I had a rental contract for 3 years. But due to some reasons, the contract was terminated before the completion of 3 years. In such a situation, will service tax be charged on the following :
Forfeited deposit
Compensation charged for early termination of the contract.
Forfeited deposit
Compensation charged for early termination of the contract.
04 August 2012
No S.tax Will not b Charged On amount of compensation if such term was mentioned in agreement ....
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